Closing my FHA nightmare tomorrow

By
Real Estate Agent with AVALAR Pro Realty
After 91 days from the original date of quit claim deed. We are finally closing my nightmare..... This home has been a challenge. This was suppose to be a very easy check. Approved buyers, found a home that was not on the market yet, we could close in less than two weeks. Yea right!!!! One hurdle after another. This home is truly a blessing for the buyers...... Just everyone remember if you have a quit claim and the people are getting a FHA loan. You have to wait 91 days from that date to close...
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Rainmaker
176,858
Dawn Workman
Camas Real Estate Expert, MBA, 480-540-8100
Veracity Real Estate Group, LLC
YUCK, at least it will be over in 24 hours from now.  Good luck!
July 05, 2007 11:26 PM
Rainer
111,146
Generation Mortgage
nu62 | A New View of Aging-in-Place
Generation Mortgage Company
Best of luck.  At least you got over that hurdle and can look back when it is all said & done and say you did it! 
July 05, 2007 11:45 PM
Rainmaker
204,277
Chris Tesch
College Station, Texas Real Estate
RE/MAX Bryan-College Station
Wow, long road to follow, but hopefully a successful conclusion soon!!
July 06, 2007 12:24 AM
Rainer
13,248
Michael Schindler
Your IRA guy!

The loan officer should have told you that would happen form day 1-we, as loan oofficers, are the "experts" of the money as the realtors are the experts in getting the buyers and sellers together and fairly negotiated!

They could have always went subprime then refinanced into an FHA without paying 2 sets of closing costs-I hope the loan officer offfered that possibility?  If not, then, at least now you know a little about FHA-and will hopefully work with a loan officer that knows more than you do about them!

Anyway......Congrats-it's almost closed!

 

 

 

July 06, 2007 12:31 AM
Rainer
32,580
Michelle Way
ABR, GRI, WCR
AVALAR Pro Realty
Thanks everyone for the comments and Michael the loan officer never offered that possiblity... GMAC
July 07, 2007 11:22 PM
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Rainer
32,580

Michelle Way

ABR, GRI, WCR
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